Aditya Bharti

Hi, good morning, sir. Sir, if we just compare this quarter's margins with last quarter, which is the preceding quarter, post -quarter FY24, even in that quarter, we had a fairly high mix of consumer business. Margins even in that quarter themselves were disappointing. But from there on, margins have further slid down despite having a INR4 crores PLI benefit, which we didn't have in the fourth quarter.

Sure, sure.

Understood, sir. And just taking a slightly longer-term trajectory, I'm just trying to arrive at the profitability of consumer business. We used to deliver, let's say, around 9% EBITDA margins until FY ’23. And even at that time, in FY ’23, you had shared the gross margin profile. The consumer business used to be the lowest gross marg in business, which means that others, by definition, were higher margins.